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Merchant services. Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID ...
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...
Payment service provider. A payment service provider ( PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales ...
Global Payments Inc. Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. [8] In June 2021, the company was named to the Fortune 500. [9] The company processes payments made through credit cards, debit cards, [10] and digital and ...
A retail merchant or retailer sells merchandise to end-users or consumers (including businesses), usually in small quantities. A shop-keeper is an example of a retail merchant. However, the term 'merchant' is often used in a variety of specialised contexts such as in merchant banker, merchant navy or merchant services. History
Total System Services, Inc. Total System Services, Inc. (commonly referred to as TSYS ), is an American financial technology company headquartered in Columbus, Georgia. In 2019, TSYS was merged into Global Payments Inc. [3] [4] TSYS is the largest third-party payment processor for issuing banks in North America, with a 40% market share, and one ...
The United States Maritime Service ( USMS) was established in 1938 under the provisions of the Merchant Marine Act of 1936 as voluntary training organization [3] to train individuals to become officers and crewmembers on merchant ships that form the United States Merchant Marine per 46 U.S.C. § 51701. [4] Heavily utilized during World War II ...
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